JPMorgan Chase & Co. (JPM) Shares Bought by Assetmark Inc.

Assetmark Inc. boosted its position in JPMorgan Chase & Co. (NYSE:JPM) by 0.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 239,298 shares of the financial services provider’s stock after buying an additional 1,921 shares during the quarter. Assetmark Inc.’s holdings in JPMorgan Chase & Co. were worth $24,935,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Elite Wealth Management Inc. boosted its position in shares of JPMorgan Chase & Co. by 4.1% during the first quarter. Elite Wealth Management Inc. now owns 17,891 shares of the financial services provider’s stock worth $1,967,000 after buying an additional 701 shares during the period. Nuveen Asset Management LLC boosted its position in shares of JPMorgan Chase & Co. by 2.7% during the first quarter. Nuveen Asset Management LLC now owns 1,124,172 shares of the financial services provider’s stock worth $123,625,000 after buying an additional 29,540 shares during the period. Syntal Capital Partners LLC boosted its position in shares of JPMorgan Chase & Co. by 11.3% during the first quarter. Syntal Capital Partners LLC now owns 9,963 shares of the financial services provider’s stock worth $1,095,000 after buying an additional 1,013 shares during the period. NN Investment Partners Holdings N.V. boosted its position in shares of JPMorgan Chase & Co. by 5.5% during the second quarter. NN Investment Partners Holdings N.V. now owns 140,044 shares of the financial services provider’s stock worth $14,593,000 after buying an additional 7,269 shares during the period. Finally, First Citizens Bank & Trust Co. boosted its position in shares of JPMorgan Chase & Co. by 0.7% during the second quarter. First Citizens Bank & Trust Co. now owns 136,527 shares of the financial services provider’s stock worth $14,227,000 after buying an additional 934 shares during the period. 70.54% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have recently issued reports on JPM shares. Keefe, Bruyette & Woods reiterated a “$111.53” rating and set a $127.00 price objective on shares of JPMorgan Chase & Co. in a research report on Wednesday, July 18th. Royal Bank of Canada reiterated a “buy” rating and set a $120.00 price objective on shares of JPMorgan Chase & Co. in a research report on Monday, July 16th. Credit Suisse Group set a $130.00 price objective on JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Thursday, July 12th. DZ Bank upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research report on Thursday, July 19th. Finally, UBS Group upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research report on Thursday, July 19th. Eight equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $123.44.

JPM opened at $109.02 on Thursday. The company has a market capitalization of $354.93 billion, a price-to-earnings ratio of 15.87, a PEG ratio of 1.70 and a beta of 1.17. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.01 and a quick ratio of 1.01. JPMorgan Chase & Co. has a 1-year low of $95.95 and a 1-year high of $119.33.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, October 12th. The financial services provider reported $2.34 earnings per share for the quarter, topping analysts’ consensus estimates of $2.24 by $0.10. The firm had revenue of $27.26 billion during the quarter, compared to the consensus estimate of $27.20 billion. JPMorgan Chase & Co. had a return on equity of 13.90% and a net margin of 23.39%. During the same period in the prior year, the firm posted $1.76 earnings per share. On average, analysts predict that JPMorgan Chase & Co. will post 9.26 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 31st. Shareholders of record on Friday, October 5th were given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 2.94%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend was Thursday, October 4th. JPMorgan Chase & Co.’s dividend payout ratio is 46.58%.

In other news, Director Mellody L. Hobson bought 1,150 shares of the business’s stock in a transaction on Friday, October 19th. The stock was purchased at an average cost of $108.94 per share, for a total transaction of $125,281.00. Following the completion of the transaction, the director now directly owns 2,632 shares of the company’s stock, valued at approximately $286,730.08. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.73% of the company’s stock.

About JPMorgan Chase & Co.

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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